This property looks like a bad Mid-Term investment with a projected -1.04% first-year return on $59,979 initial cash invested.
-1.04%
Cash On Cash
6.77%
Cap Rate
1.02
DSCR
$1,850
Rent
-$52
Cashflow
Cash Flow
$1,850 income − $1,902 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,850
Total Expenses
$1,902
Mortgage P&I
60%
$1,105
Property Taxes
5%
$97
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$222
CapEx
4%
$74
Vacancy
3%
$56
Maintenance
4%
$74
Other
11%
$204